Growth Key for Euro-Zone Deal

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By Sudeep Reddy

October 31, 2011

Despite all the cheering about Europe's latest debt deal, worries are mounting that it won't succeed without stronger economic growth.

At the current pace of expansion, unemployment will stay high and incomes will stall. Debt-saddled governments will have an even tougher time generating revenue to pay bills. That could spark more default fears or higher interest rates in Greece, Italy and others under pressure.